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Last month, a startup had the following income statement: TABLE AS Income Statement Revenue $10,000 - Cost of Goods Sold Gross Profit 52000 56.000 32.000

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Last month, a startup had the following income statement: TABLE AS Income Statement Revenue $10,000 - Cost of Goods Sold Gross Profit 52000 56.000 32.000 $1.000 Sales General and Administrative - Marketing (-) Research and Development Depreciation and Amortization Operating Profit interest Expense $500 $250 $2250 $100 Taxes $675 Net Income $1475 This month, to help alleviate upcoming cash flow challenges, the startup is ceasing all R&D activities, Assuming all other variables remain the same, the startup's operating expenses this month are projected to be which of the following? O $4,250 $3,250 O $3,750 O $3,500

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